Crypto Daily Report – June 9

Jun 9, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightJune 9, 2022Crypto markets continue to move sideways, with BTC up .41% at the time of writing and ETH up .63%. U.S. equity markets have moved similarly, with SPX down .42% and NDQ down .25%. Alternative layer one protocols which are down significantly from their highs, have begun to show some signs of life and are holding up relatively well today, with SOL up 4.38%, AVAX up 1.51%, NEAR up 1.12%, and BNB up 1.1%. This may be reflective of investor risk appetite slowly returning to higher quality altcoins which are at much more attractive prices to buy than 6 months ago. According to Deloitte's "Merchants Getting Ready For Crypto" report, 75% of United States retailers plan to accept crypto or stablecoin payments within the next two years. The survey also found that large retailers with revenues over $500 million are currently spending $1 million or more building the required infrastructure to make this a reality. 85% of the respondents to the survey anticipate that digital currency payments will be ubiquitous in their

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.45% falling to $60k and ETH -0.11% approaching the low $2,300s. Aptos (APT 0.76% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 2.10% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.45% climbing back above $61,000 and SOL 6.98% moving above $145, while ETH -0.11% is lagging, trading around $2,400. Among today's outperformers is SUI 14.66% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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